Raspadskaya's coal output fell 13 percent last year, missing a target issued only in December, partly on delays to safety approvals as it restores production at its main mine after a 2010 blast killed 90 people.
The company produced 6.25 million tons, Raspadskaya said in a statement. That is less than the 6.4 million-ton forecast it set on Dec. 9. Output at its eponymous main mine was 1.25 million tons against a 1.4 million-ton estimate.
In the fourth quarter, coal production rose 31 percent to 1.58 million tons from 1.21 million tons in the previous three months, while output at the Raspadskaya mine climbed 63 percent.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.